Alex Budney Acquires Multi Family Property In Gramercy Park, Manhattan For $4.4M

A multi-family property located at 241 E 18th St. in Gramercy Park, Manhattan has been sold for a price of $4,400,000. The property spans 4,940 square feet, resulting in a price per square foot of $891. The transaction involved a total of 7 units, with each unit valued at approximately $628,571.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $4,400,000
• Address: 241 E 18th St., Gramercy Park, Manhattan
• Market: Gramercy Park, Manhattan
• Square Footage: 4,940
• Price per Square Foot: $891
• Number of Units: 7
• Price per Unit: $628,571

The buyer of the property is Alex Budney, who was represented by Jack Fuchs. The deal was facilitated by John J. Stewart and Dylan Torey, brokers from Marcus & Millichap.